When a billionaire gives money away, it's usually to their own charity, and it's to avoid paying taxes. Of course it sounds good to say they gave it away but it reality, they give it to a charity they fully control.
this post was submitted on 16 Aug 2025
995 points (97.8% liked)
News
31861 readers
3472 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
There's also his age as a factor, he's probably more aware of his limited remaining lifespan than he would have been if he cashed out at 25, let's say.
yea well trying to increase your wealth to billions is pretty much an addiction much akin to gambling addiction.
Thats fucked up, why sell it? Give it back to the workers.
Sell it, keep $100M, distribute $1,500M to the employees who built the company with you.
...sit on the beach with your former employees as just people, discussing who has the cutest little umbrella in their drink and laughing at the stock value of the global conglomerate that bought a business that no longer has employees.
No, just distribute ownership amongst the workers. Keep a majority share if youre worried they arent responsible enough.
load more comments
(2 replies)
why didn't he pay a bunch of that to the employees?
Because that's against how the system works. Shareholders can and will sue your company if you don't maximise profits. I honestly do not believe that we will achieve an acceptable distribution of wealth under capitalism.
load more comments
(1 replies)
Good for him tbh, being a billionare WILL slowly corrode your mind and soul